A popular on-chain metric suggests that the crypto bull market is still far too young for investors to consider selling their Bitcoin, according to CryptoQuant’s Thursday report. The market intelligence firm published a research quick take analyzing whether Bitcoin was nearing a “distribution zone” / market peak or if current prices were still a good...
Producer prices in Japan were up 2.7 percent on year in August, the Bank of Japan said on Wednesday - unchanged from the July reading following an upward revision from 2.6 percent. On a monthly basis, producer prices rose 0.1 percent, easing from 0.3 percent in the previous month. Excluding international transportation, producer prices were...
Source: MidjourneyA Virginia Senate Committee has put forward a recommendation for an annual combined fund allocation of $39,240 to support two recently established commissions focused on artificial intelligence (AI) and cryptocurrency. The proposal, presented by a Subcommittee of Virginia’s Senate Finance and Appropriations Committee on February 18, allocated over $23.6 million to various legislative departments....
The manufacturing sector in Taiwan continued to expand in June, and at a faster pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 53.2. That\'s up from 50.9 in May, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. Underpinning the improvement...
Australia will on Thursday release June numbers for unemployment, highlighting a modest day for Asia-Pacific economic activity. The jobless rate is expected to tick up to 4.1 percent from 4.0 percent in May. The Australian economy is tipped to add 19,900 jobs following the increase of 39,700 jobs in the previous month. The participation rate...
JAKARTA - The portion of Ruhong Holding Pte. Ltd. in PT Perma Plasindo Tbk (BINO) now increases to 89.63% from 72% of total issued and paid-up capital of said issuer, which had just been concluded last week (5/9). In the information disclosure quoted Wednesday (11/9), Lou Fuan, Director of Ruhong Holding Pte. Ltd. said that...
By Ankur Banerjee SINGAPORE (Reuters) - Asian stocks rose on Wednesday as traders awaited policy cues from Beijing during its week-long annual session of parliament after a prior lack of stimulus measures disappointed some investors, while gold and bitcoin eased after touching record peaks. Traders were also hesitant to place major bets ahead of congressional...
Bitcoin users are currently facing difficulties with high transaction fees as the blockchain becomes congested once more, although the cause may be different from what some might expect. Data from mempool.space, a platform that provides information on Bitcoin transactions, reveals that a medium-priority Bitcoin transaction now costs $34.08 to be processed promptly. Over 333,400 unconfirmed...
Marathon Digital Holdings, the world’s largest Bitcoin mining company, has started a new project that will warm an entire town in Finland. The pilot project utilizes the recycled heat generated from Bitcoin mining to provide heating for over 11,000 residents, the company said in a recent post on X. Per the post, Marathon has launched...
The UK construction sector posted another strong growth in August as lower borrowing cost and gradual improvement in market conditions boosted residential work, survey results from S&P Global showed on Thursday. The construction Purchasing Managers Index fell to 53.6 in August from Julys 26-month high of 55.3. The reading was expected to drop moderately to...